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Best World shrugs off pyramid selling crackdown, continues pursuing China dream

Samantha Chiew
Samantha Chiew9/7/2017 11:50 AM GMT+08  • 2 min read
Best World shrugs off pyramid selling crackdown, continues pursuing China dream
SINGAPORE (Sept 7): CIMB is reiterating its “add” call on Best World International (BW) with a target price of $1.80 given China's campaign to crack down on pyramid schemes is having little to no impact on the group.
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SINGAPORE (Sept 7): CIMB is reiterating its “add” call on Best World International (BW) with a target price of $1.80 given China's campaign to crack down on pyramid schemes is having little to no impact on the group.

BW’s management has denied it is a pyramid scheme, claiming its direct selling business has different characteristics.

Last November, China’s Ministry of Commerce (MOFCOM) also awarded it a direct selling licence, showing that its business operations comply with the country’s rules.

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